2013 was a tough year to be a short seller of equities, as Dialectic Capital Management returns indicate. With the hedge fund’s 2013 annual performance reported in a 4th quarter investor letter down -6.24%, and the S&P 500 near record highs driven by nearly a +30% 2013 rise, could a break in equity returns in 2014 lead to the year the fund’s defensive strategy pays off? In its recent investor letter Dialectic observes that equity markets are in “some form of a tech bubble,” and many professional investors agree as nearly 82% of Bloomberg respondents are claiming the markets are…
Dialectic Targets DDD, TSL, SAAS and China; Predicts 2014 Year Of The Shorts
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.